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Diamonds News
Stark-Anderson joins Mountain Province board
By: Creamer Media Reporter 24th May 2022 Canadian mining executive Kelly Stark-Anderson has been appointed to the board of Mountain Province Diamonds, following the departure of Dean Chambers, who has chosen to step down owing to other commitments. Stark-Anderson has more than 25 years’ experience in the legal, merger and acquisition,... →
Southern Africa deemed highly prospective for diamonds
By: Nadine Ramdass 20th May 2022 Diamond exploration and project development company Botswana Diamonds regards Southern Africa as one of the most prospective destinations for diamonds globally. The Kalahari region of Botswana has potential for a new diamond mine, while the Thorny River project, in Limpopo, South Africa, has... →
Critical mineral demand of order of magnitude never seen – Sheila Khama 
By: Martin Creamer 19th May 2022 "My genuine sense is that we are going to see a growth in the mining sector of an order of magnitude we haven't seen. I also think that we're going to find that the need for minerals is going to force the world to think that if we can't get minerals on our shore, where else do we get them from? →
Botswana Diamonds identifies anomalies indicative of kimberlite pipes
By: Tasneem Bulbulia 19th May 2022 Aim- and BSE-listed Botswana Diamonds’ ground geophysics survey on its Sekaka diamonds prospecting licences, in Botswana, have revealed high-interest anomalies indicative of kimberlite pipes discovered in the vicinity of the KX36 diamond discovery. “These results strongly support our view that... →
Collaboration needed to make South African mining globally competitive again – CSIR
By: Martin Creamer 18th May 2022 Concern about mineral resource scarcity is widespread and, at the same time, many countries, such as Australia, Canada and China, are investing significantly in strengthening their mining-related research, development and innovation (RDI) capabilities. “This makes cost and differentiation... →
Mountain Province discovers kimberlites at Kennady North
By: Mariaan Webb 18th May 2022 Diamond miner Mountain Province has discovered kimberlite in three of four targets tested at its Kennady North project, which surrounds the Gahcho Kué mine, in Northwest Territories. The company is midstride a 6 000 m drill programme, with 3 000 m having been completed. →
De Beers generates $604m in fourth sales cycle
By: Marleny Arnoldi 18th May 2022 Diamond miner De Beers has generated $604-million in revenue for its fourth sales cycle of this year. This compares to revenue of $566-million recorded for the third sales cycle of of this year and $385-million for the fourth sales cycle of 2021. →
204 ct diamond recovered at Mothae
By: Esmarie Iannucci 18th May 2022 Diamond miner Lucapa Diamond Company has recovered a 204 ct white diamond at its Mothae mine, in Lesotho. The diamond was the eight stone of more than 100 ct recovered at Mothae, and the third of more than 200 ct, since the mine started commercial operations in 2019. →
Matthew Glowasky steps down from Petra board
By: Tasneem Bulbulia 17th May 2022 Matthew Glowasky has resigned as nonexecutive director of Petra Diamonds, with immediate effect. Glowasky was appointed as a non-independent, nonexecutive director of the company on March 10, pursuant to a nomination agreement between the company and Monarch Master Funding 2 and following the... →
Botswana sees Russian diamond ban opening door to synthetic gems
By: Reuters 16th May 2022 Botswana, Africa's top diamond producer, sees a prolonged ban on Russian diamonds opening the way for synthetic gems to expand market share, the country's minister told a mining conference on Monday. The United States, the world largest market for natural diamonds, imposed sanctions on Russia's... →
Lundin Mining appoints new chair
By: Creamer Media Reporter 16th May 2022 Canadian base metals miner Lundin Mining has appointed Adam Lundin as chairperson to succeed Lukas Lundin, who retired from the board at the company’s 2022 meeting. Lukas Lundin recently retired as chairperson of several boards of mining companies that his family controls, including Lundin Gold... →
De Beers in talks with Musina municipality to resolve water issues for the community
By: Darren Parker 13th May 2022 Following protests over water shortages in Musina, Limpopo, over the past few days, a meeting was convened between the Musina local municipality, the Vhembe district municipality and diamond miner De Beers’ Venetia mine to find ways to assist the municipalities in efficiently and safely resolving... →
Global diamond trade fractures under the weight of Russia sanctions
By: Bloomberg 13th May 2022 Russia’s invasion of Ukraine is fracturing a billion-dollar trade that spans the permafrost-laden diamond mines of Siberia, secretive trade houses in Antwerp, dusty polishing powerhouses in India and New York’s glittering designer jewellery stores. Russian mining giant Alrosa supplies about a... →
Now you can own a fraction of a fancy coloured diamond
By: Bloomberg 13th May 2022 A new fractional ownership business centered on fancy colored diamonds will launch on May 18. Luxus, founded by hedge fund expert Dana Auslander and fashion journalist Gretchen Gunlocke Fenton, will debut with a first offering of a .54 carat fancy pink diamond. →
Sierra Leone says will no longer provide forex for mining companies importing fuel
By: Reuters 13th May 2022 Sierra Leone will no longer provide foreign exchange for mining companies and other large businesses to import oil as of June 1, accusing them of "stockpiling diesel fuel", its Petroleum Regulatory Agency said in a statement. Sierra Leone has a large mining industry, mainly based on diamonds,... →
Mining production down 9.3% y/y in March
By: Creamer Media Reporter 12th May 2022 South Africa's mining production decreased by 9.3% year-on-year in March, with the largest negative contributors being gold, iron-ore, manganese ore and platinum group metals. Diamond production, which increased by 44.3% year-on-year, made a significant positive contribution to the overall figure. →
De Beers an industry leader in innovation, technology
By: Simone Liedtke 12th May 2022 FutureSmart Mining, together with its longstanding innovation and technology programmes, is part of what makes diamond company De Beers stand out as “the world’s leading diamond company”, says De Beers Group managed operations MD Moses Madondo. “De Beers has been an industry leader in innovation... →
Minimum of 14 000 jobs a year from South Africa’s first hydrogen corridor
By: Martin Creamer 11th May 2022 South Africa’s first hydrogen corridor now under development has the potential to generate a minimum of 14 000 jobs, $400-million in gross domestic product and $900-million in taxes a year by 2050. In an addition, there is potential to grow platinum group metal (PGM) demand by between 1% to 2%... →
Minerals Council hydrogen briefing from left Allan Seccombe, Roger Baxter and Fahmida Smith.
Diamond prices are spiking and even De Beers can't fill the gap
By: Bloomberg 11th May 2022 Prices are surging in some corners of the rough-diamond market, as sanctions on one of the world’s two giant miners ripple through the supply chain. In the past, the industry could turn to behemoth De Beers to crank out extra gems when supply ran tight — but not this time. The price of a small... →
Ghaghoo sale falls through, but Botswana Diamonds remains hopeful of a future deal
By: Donna Slater 11th May 2022 Aim- and BSE-listed diamond explorer Botswana Diamonds reports that, despite intensive advanced and ongoing discussions with interested parties, its board has been unable to secure a new joint venture (JV) partner to acquire the Ghaghoo mine before the extended long-stop date of May 10. The... →
Minerals Council spells out members’ commitment to climate change mitigation
By: Martin Creamer 11th May 2022 Members of Minerals Council South Africa have agreed to commit to a climate change response strategy that will reduce Scope 1 and Scope 2 emissions and achieve a net zero emission by 2050 or earlier. Minerals Council South Africa senior health and environment executive Nikisi Lesufi on Tuesday... →
Minerals Council South Africa senior health and environment executive Nikisi Lesufi, closest right, with Minerals Council's Allan Seccombe, left.
South Africa keen to harness hydrogen economy opportunities, President Ramaphosa tells Indaba
By: Martin Creamer 10th May 2022 It was just amazing to see the innovation that the mining industry is capable of scaling up, President Cyril Ramaphosa told the Investing in African Mining Indaba in his enthusiastic address on Tuesday. “Last week, I attended the launch by Anglo American of the world’s largest hydrogen-powered... →
President Cyril Ramaphosa at the Investing in African Mining Indaba.
South Africa has significant implementation crisis – Minerals Council
By: Martin Creamer 9th May 2022 South Africa has a significant implementation crisis. A number of government departments and parastatals were hollowed out. Capacity is a significant issue in almost every parastatal – water authorities, Eskom, Transnet and across the board. “We’re not rushing in to take over activities because... →
'The Rock', a record-setting white diamond, goes up for auction
By: Reuters 6th May 2022 The largest white diamond ever auctioned will go under the hammer in Geneva next week, part of a sale by Christie's that features two stones weighing more than 200 carats each. "The Rock", a 228.31 carat pear-shaped stone roughly the size of a golf ball, is expected to sell for up to $30... →
Lucara Diamond's quarterly revenue rises on continued market buoyancy
By: Mariaan Webb 6th May 2022 Botswana-focused Lucara Diamond Corp has reported a 28% year-on-year increase in first-quarter revenue, reflecting continued buoyancy in diamond prices and the sale of several higher value rough diamonds. The TSX-listed miner posted revenue of C$68.2-million from the sale of 80 295 ct from the... →
De Beers introduces pioneer blockchain-backed diamond source platform at scale
By: Tasneem Bulbulia 5th May 2022 Diamond miner De Beers Group is deploying the Tracr blockchain platform at scale for its diamond production. The group says Tracr is the world’s only distributed diamond blockchain that starts at the source and provides tamper-proof source assurance at scale, enabling sightholders to provide a... →
World Coal Association favours just energy transition to net zero future
By: Martin Creamer 5th May 2022 The World Coal Association, and its member companies, are in favour of a just transition to a net zero future, World Coal Association chairperson July Ndlovu said on Thursday. In his keynote address to the Southern African Coal Conference, Ndlovu emphasised the sincerity of the association’s... →
World Coal Association chairperson July Ndlovu
Barrick Gold Q1 profit beat estimates, doubles dividend
By: Reuters 4th May 2022 Miner Barrick Gold doubled its quarterly dividend on Wednesday after reporting first-quarter profit above Wall Street expectations, on the back of higher gold and copper prices. Gold, traditionally seen as a safe haven to invest in during times of financial uncertainty, rose above $2 000/oz in... →
Botswana Diamonds discovers largest anomaly to date at Thorny River project
By: Tasneem Bulbulia 4th May 2022 Aim- and BSE-listed Botswana Diamonds’ ground geophysics survey on its Thorny River property in South Africa has led to the discovery of the largest anomaly to date on the project, consistent with a kimberlite pipe of 25 m in diameter. A detailed drilling programme is planned for July to August,... →
Petra nets $86.1m from fifth tender
By: Donna Slater 3rd May 2022 Diamond miner Petra Diamonds sold 635 806 ct of diamonds for $86.1-million during its fifth tender for the 2022 financial year. This is down from the 735 222 ct sold at the fourth tender, which generated $140.6-million, and the 885 136 ct sold in the third tender for $128.4-million. →
Zondo wants Alexkor directors, diamond dealers to be probed for fraud
By: News24Wire 29th April 2022 A decade after the state-owned diamond company Alexkor became a site of Gupta influence and corruption, the Judicial Commission of Inquiry into State Capture issued a long list of recommendations to pursue perpetrators. In its report, released on Friday, the commission details how former minister... →
Zuma replaced Ramatlhodi with inexperienced 'Gupta minister' Zwane to do their bidding – Zondo
By: News24Wire 29th April 2022 It was clear that former president Jacob Zuma replaced Ngoako Ramatlhodi as mineral resources minister because he refused to cooperate with the Gupta family’s wishes, the State Capture Inquiry has found. "... Ramatlhodi had consistently refused to have anything to do with the Guptas and was not... →
Mosebenzi Zwane
Presidency receives fourth part of Zondo Commission's report into State capture
By: Creamer Media Reporter 29th April 2022 The Presidency on April 29 received the fourth part of the report of the Judicial Commission of Inquiry into Allegations of State Capture. Secretary of the Commission Professor Itumeleng Mosala handed over the report to acting Director-General in The Presidency Thami Ngwenya at the Union... →
Russia says it may buy diamonds from sanctions-hit Alrosa
By: Reuters 28th April 2022 Russia may buy an as yet undetermined amount of rough diamonds from sanctions-hit producer Alrosa through its state precious metals and gems repository Gokhran, the country's Finance Minister Anton Siluanov said on Wednesday. The United States imposed sanctions on State-controlled Alrosa in... →
De Beers' 15 ct blue diamond sold for $58m at Sotheby’s
By: Bloomberg 28th April 2022 The De Beers Blue diamond has been auctioned for HK$450.9-million ($57.5-million) at Sotheby’s in Hong Kong. The 15.1 ct, fancy vivid blue diamond was sold Wednesday evening to an unnamed buyer. The step-cut gem, recovered from the Cullinan mine in South Africa, is the largest vivid blue diamond... →
Petra Diamonds exploring responsible Koffiefontein exit
By: Martin Creamer 26th April 2022 Diamond company Petra is exploring a responsible exit from its investment in the Koffiefontein diamond mining operations. The exit would be carried out together with its black economic empowerment partners Kago Diamonds and its Itumelang employee trust, the London Stock Exchange-listed company... →
New Limpopo diamond mine on cards
By: Martin Creamer 25th April 2022 An evaluation carried out by Botswana Diamonds has firmed up the possibility of a diamond mine being developed at the company’s Thorny River property in South Africa’s Limpopo province. The analysis indicates potential opencast options, the London-Aim and Botswana Stock Exchange-listed company... →
Botswana Diamonds MD James Campbell
De Beers invests $2m in Kelp Blue to explore marine carbon reduction solutions
By: Tasneem Bulbulia 22nd April 2022 Diamonds multinational De Beers Group is investing $2-million in Kelp Blue, a start-up focused on growing and managing large-scale giant kelp forests, initially off the Namibian coast. These underwater forests have the potential to safely and permanently lock away vast amounts of carbon dioxide... →
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